Word: junker
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Dates: during 1920-1929
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...largest creditor, will unquestionably be asked to cancel a part of its claims, even though our statesmen and financiers are sorely divided on the subject. Amid the maze of arguments two reasons stand out dominantly. For kindly souls, there is the consideration that a people once ruthless under the junker policy have paid a heavy penalty of suffering in their turn and under a new government need not be further ground down. But the more practical and, for business men, the more appealing argument, is that it may be better to reduce our just claims and then receive payment...